Risks And Risks Of Risk

First I would categorized them in 3 different groups, business related, political and environmental, but is very important to mention that in some cases a single risk can be categorize in more than one group, for example, that is the case of the weather risk that I consider in the environmental group but it has a direct impact in the business related group.

Any setting or activity carries a level of risk form the different types of risks:

Speculative Risk is an insurance industry term for a situation where the possibility of either a financial loss or a financial gain exists, such as in purchase of shares or betting on horses. Unlike pure risk, speculative risks are usually not insurable. To manage speculative risk, you should know purchase

Risk is an unintended unfavourable chance of loss as a result of an action. (Crane et. al 2013)

Risk has been with defined differently over the decades. Frank H. Knight (1921) argues that there is a difference between uncertainty and risk. According to Knight, risk is a combination of the likelihood of an occurrence of a hazardous event, meaning an event that could cause harm in terms of losses or undesirable outcome, and its magnitude.

Risk management is an activity, which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. Some traditional risk managements are focused on risks stemming from physical or legal causes. (For example, natural disasters or fires, accidents, death). It may refer to numerous types of threats caused by environment, technology, humans, organizations and politics. Objective of risk management is identifying the risks and finding solution to reduce them. The paper describes the different steps in risk management process which methods are used in the different steps [Reference 2].

This chapter focuses on what other scholars have written about risks associated with oil and gas exploration, drilling and extraction in various parts of the World. The chapter is structured in accordance with the objectives of the study, that is, to assess the

A risk can be defined as the probability that something unwanted will happen. Risk analysis and management therefore refers to the process of identifying risks to an organization’s information assets and infrastructure, and taking steps to reduce these risks to an acceptable level.

The general definition of the risk is as volatility, measured by standard deviation. However, it is not easy to define the concept of risk. It exists the future is uncertain, the investment result have probability to loss or have any changing. The estimated return will not be achieved.

Risk Management:Risk management is the procedure of distinguishing risk, surveying risk, and making moves to diminish risk to a worthy level. The risk management methodology decides the procedures, strategies, instruments, and group parts and obligations regarding a particular task. The risk management plan portrays how chance administration will be organized and performed on the venture. As an administration procedure, risk management is utilized to recognize and maintain a strategic distance from the potential cost, timetable, and execution/specialized dangers to a framework, take a proactive and organized way to deal with oversee negative results, react to them on the off chance that they happen, and distinguish potential open doors that may be covered up in the circumstance. The risk management approach and arrangement operationalize these administration

Section A 1. What does risk imply? a) Bright future b) Doubt about future c) Worse position d) No future 2. Chance may be defined as: a) A favourable outcome b) A different outcome c) Fluctuating outcome d) Undefined outcome 3. One of the following is not the meaning of Risk – a) Risk as the cause b) Risk as loss c) Risk as the subject d) Risk as the likelihood 4. Chance is _________ Risk a) Same as b) Different from c) Similar to d) Not related to 5. Objective risk is defined as a) Relative variation of actual and expected loss b)

According to the Oxford’s advanced learners dictionary, risk can be defined as the possibility that something uncertain (not predictable) and unpleasant will happen. Both financial and insurance organisations are therefore faced with this concept of risk in their everyday activities. Financial risk can be said to be the possibility that the return achieved on an investment will be different from that expected, and also takes into account the size of the difference. Whereas insurers will define risk as a chance of harm, damage or loss against something which is insured.

What is a Risk? “Risk is something that might happen” (How to manage risks and issues, 2016). Risk can be considered good or bad. Also risk being taking on people or on a population can be positive or negative. “Much of the risk for compromised physical

Risk refers to the possibility that the actual outcome of an investment will differ from its expected outcome. More specifically, most investors are concerned about the actual outcome being less than the expected outcome. The wider the range of possible outcome, the greater the risk.

The meaning of a risk is an announcement of a plan to mischief or a something that displays an threat or damage.